Palo Alto Networks on Tuesday announced plans to acquire Aporeto, a machine identity-based microsegmentation company, for approximately $150 million in cash.
The proposed acquisition of Aporeto will strengthen the Palo Alto’s Cloud Native Security Platform delivered by Prisma Cloud, the company said. The acquisition is expected to close during Palo Alto’s fiscal second quarter.
Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale. Aporeto co-founders Dimitri Stiliadis and Satyam Sinha will join Palo Alto Networks.
“We are thrilled to welcome Aporeto to the Palo Alto Networks family. We believe the addition of Aporeto’s unique machine identity technology will further enhance our leading Prisma Cloud capabilities and strengthen our commitment to helping customers secure their journey to the cloud,” said Nikesh Arora, chairman and CEO, Palo Alto Networks.
Dimitri Stiliadis, co-founder and CTO of Aporeto, commented: “We have dedicated ourselves to helping organizations securely embrace the cloud. Teaming up with Palo Alto Networks allows us to bring our machine identity-based microsegmentation technology to a large customer base. We are thrilled to join forces to help customers secure their journey to the cloud.”